Mukesh Ambani has outlined Reliance’s ambitious clean energy plans that range from manufacturing solar power systems to electric batteries.
Addressing the 47th Annual General Meeting (AGM) of the Reliance Industries Limited (RIL), Chairman Ambani said the company is working on a facility in Gujarat’s Jamnagar which will be world’s only fully integrated battery giga-factory.
By the end of the year, the RIL will start working on solar power systems’ manufacturing, said Ambani.
“I am delighted to announce that by the end of this year, we will commence the production of our own solar photo-voltaic (PV) modules. In the following quarters, we will complete the first phase of our integrated solar production facilities. This includes modules, cells, glass, wafer, ingot, and polysilicon, with an initial annual capacity of 10 GW,” said Ambani.
Highlighting how acquisitions have driven the clean energy research and development (R&D) in India, Ambani said that the RIL has fully integrated and indigenised the heterojunction technology (HJT) from REC Singapore, the wholly-owned Reliance subsidiary, to develop first-generation bifacial solar panels with cell efficiency exceeding 26 per cent.
Jamnagar will be Energy Capital of the World: Ambani
Ambani said that the clean energy projects being undertaken by the RIL will make Jamnagar in Gujarat the Energy Capital of the World.
Ambani said that the construction of an integrated advanced chemistry-based battery manufacturing facility with a 30 GWh annual capacity has already started and production will start by second half of 2025.
The facility will be world’s only fully integrated battery giga-factory, said Ambani.
“We will start by assembling Battery Energy Storage Systems (BESS) for utility scale applications and pack solutions for residential, commercial, industrial, telecom, and mobility markets. Progressively, over the next few quarters, we will integrate backward to cell manufacturing and eventually to battery chemicals production,” said Ambani.
What sets apart Reliance from the rest is the company’s “deep understanding of electro-chemistry, combined with our ability to industrialise at scale and integrate with low-cost solar energy” which allows the delivery of green hydrogen and green fuels at the most economical cost, said Ambani.
To realise these objectives, the RIL is investing up to Rs 75,000 crore to create the required manufacturing ecosystem, said Ambani.
“Our complete ownership and automation of the integrated value chains will allow us to maximise margins that are higher than those of stand-alone, non-integrated players,” said Ambani.
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From solar panels to batteries, Mukesh Ambani outlines Reliance’s clean energy manufacturing plans
